George Company Has a Standard Costing System

question 2

Essay

George Company has a standard costing system. The following data are available for July:
a. Actual manufacturing overhead cost incurred: $22,000
b. Actual machine hours worked: 1,600
c. Overhead volume variance: $3,600 Unfavorable
d. Total overhead variance: $1,000 Unfavorable
e. Overhead is assigned to production on the basis of machine hours
Instructions
Determine the amount of (1) the controllable overhead variance and (2) the overhead applied.

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Definitions:

Avoid

To keep away from or prevent something from happening, often used in legal contexts regarding contracts or obligations.

Incompetents

Individuals who are legally declared unable to manage their own affairs due to mental incapacity, age, or other reasons, requiring a guardian or conservator.

Intoxicated Persons

Intoxicated persons are those under the influence of alcohol or drugs to a degree that impairs their ability and judgement, impacting their legal capacity in certain contexts.

Intoxicated

Being intoxicated refers to a state of impairment due to the consumption of alcohol or drugs, affecting a person's mental faculties and physical coordination.